WELLBYs

…You can measure wellbeing by simply asking people to report their wellbeing, for example, by asking, "How happy are you?" on a scale of 0-10.

We use WELLBYs as our metric of choice. WELLBY is an acronym for wellbeing-adjusted life year, where a WELLBY is a one-point change in life satisfaction on a 0-10 point scale for one person over one year.1 Essentially, it is the wellbeing equivalent of the DALY (disability-adjusted life year) or QALY (quality-adjusted life-year), which are traditional measures of health outcomes…

https://open.substack.com/pub/jeffstreeter/p/can-we-make-the-world-a-happier-place?r=35ogp&utm_medium=ios